General Liability Insurance

Regardless of size or industry, all companies must be aware of risks and hazards that could lead to expensive consequences. If your business is found to be liable for losses or damages, the resulting lawsuits can have devastating ramifications for your reputation, finances and future. Considering that, businesses should consider the benefits of commercial liability insurance.

The agents at Regina Jasak Independent Insurance pride themselves on helping businesses like yours in the Ludlow area assess and address their insurance needs.

What Does Commercial Liability Insurance Cover?

Commercial liability insurance, also sometimes known as general liability insurance or business liability insurance, provides protection for several common types of lawsuits that may arise from everyday operations. Most policies will render financial assistance for the followings:

·        Bodily injury—Commercial liability coverage can cover medical costs if your business is responsible for someone being injured.

·        Property damage—If you are found liable for damaging another party’s property, your policy may be able to pay for repair or replacement expenses.

·        Personal and advertising injury—If your business causes personal or advertising injury, such as slander, libel or copyright infringement, this coverage can help with the resulting costs.

·        Legal fees—If a lawsuit is filed against you, commercial liability coverage can assist with administrative costs and legal fees.

How Much Does Commercial Liability Insurance Cost?

When determining the cost of commercial liability coverage, insurance providers will generally consider your business’s:

·        Location

·        Age

·        Number of employees

·        Building condition

·        Past claims history

In addition, the details of your policy, such as coverage limits and deductibles, will usually impact your premiums.

Get the Right Coverage

A critical part of operating your company is protecting its future. Even a single incident can cause catastrophic consequences. Fortunately, Regina Jasak Independent Insurance is here to help assess your insurance needs and craft a suitable policy. Contact us today to get started.